South Korea's FSC Warns U.S. Clarity Act Faces High Uncertainty Before Passage on July 8

According to South Korea's Financial Supervisory Service (FSC), the U.S. Clarity Act faces high uncertainty before passage, as outlined in a July 8 report. Key obstacles include opposition from JPMorgan CEO Jamie Dimon over insufficient stablecoin protections and partisan voting in the Agriculture Committee. The FSC noted the bill must pass the Senate by late June to advance by August recess, otherwise legislative prospects dim significantly.
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